The settler must not be a permanent resident of Cyprus;
No beneficiary can be a permanent resident of Cyprus;
The trust property cannot include any immovable property in Cyprus;
At least one trustee must be a Cyprus resident
Cyprus International Trust is governed by the Cyprus International Trusts Law of 1992 which is based on the English Trustee Act 1925 and on the doctrines of Equity and Case Law of England.
In order for a trust to be qualified as an international trust, subject to the provisions of the International Trusts Law of 1992, the following requirements must be fulfilled:
International Cyprus Trusts may be established holding the shares of a company or being used as vehicle for a tax structure due to their tax benefits. International trusts do not pay any taxation on their profits.
International trusts secure anonymity and confidentiality.
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